Ab 1482 Rent Caps

Summary

AB 1482 rent caps apply to most multi-family residential properties in California. Exemptions include buildings constructed in the last 15 years, single-family homes not owned by corporations or REITs, and owner-occupied duplexes. For specific guidance, contact local housing authorities or legal advisors.

Full Conversation

Apple Valley Ca
Hello Chelena,
Thank you for providing your location. Could you please describe your legal issue in more detail? This will help me provide you with the most relevant information.
Looking forward to your response.
Wanting to knoe how to find out if my landlord is subject to ab * rent caps
Hello Chelena,
To determine if your landlord is subject to AB * rent caps in Apple Valley, CA, consider the following:
- The property must be a residential rental.
- Buildings constructed in the last 15 years are exempt.
- Single-family homes not owned by corporations or REITs are exempt.
- Duplexes where the owner occupies one unit are exempt.
Would you like more details on any of these points?
Yes please
Hello Chelena,
Here are more details on AB * rent caps:
- **Residential Rentals**: Applies to most multi-family residential properties.
- ***-Year Rule**: Properties built within the last 15 years are exempt.
- **Single-Family Homes**: Exempt if not owned by corporations, REITs, or LLCs with corporate ownership.
- **Owner-Occupied Duplexes**: Exempt if the owner lives in one unit.
For more specific guidance, you might want to contact your local housing authority or a legal advisor.
Would you like information on how to contact local housing authorities or legal aid organizations in Apple Valley, CA?
What are REITs and LLCs with corporate ownership
Hello Chelena,
**REITs (Real Estate Investment Trusts)**:
- Companies that own, operate, or finance income-producing real estate.
- Must distribute at least *% of taxable income to shareholders.
**LLCs with Corporate Ownership**:
- Limited Liability Companies where a corporation holds ownership.
- Treated as corporate entities for legal and tax purposes.
Would you like information on how to contact local housing authorities or legal aid organizations in Apple Valley, CA?